HB 4010
Providing a statutory program for loaning financial assistance to local airports for airplane hangar construction in this state
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Sign in to take action- Introduced
- Passed House of Delegates
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill creates a state program to provide loans to local airports in West Virginia for the construction of airplane hangars. The West Virginia Division of Multimodal Transportation will establish and manage this pilot program, setting eligibility standards and conditions for receiving the loans. The program aims to support economic development and aviation infrastructure improvements within the state.
Key provisions
- Establishes a pilot program for state loans to airports.
- The Division of Multimodal Transportation will administer the program.
- Eligibility standards will consider site readiness, economic impact, and market demand.
- The Division can cooperate with other state and local agencies for funding opportunities.
- The Division can limit the number of participating airports based on funding.
- The Division will set rules and conditions for participating airports.
- Annual reports on the program's status will be provided to the Joint Committee on Government and Finance.
Who is affected
- Local Airports
- Counties
- Municipalities
- Regional Airport Authorities
- West Virginia State Government
Notable changes
- Creates a new statutory program for loaning financial assistance.
- Specifies criteria for airport eligibility for loans.
- Requires the Division to establish and manage the program.
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